- Aurora Energy (1AE) commences drilling at its wholly-owned Aurora Energy Metals Project in Oregon, US
- The phase one reverse circulation (RC) drilling program is targeting both uranium and lithium mineralisation and is the first drilling at the project in a decade
- Drilling is expected to be complete in December 2022 with assays to be progressively submitted and results expected to be available from late December
- In its next steps, the company will now work with the state regulator, the Department of Geology and Mineral Industries (DOGAMI), for their approval of the program
- Shares in Aurora are down 2.56 per cent to close at 19 cents
Aurora Energy (1AE) has commenced drilling at its wholly-owned Aurora Energy Metals Project in Oregon, US.
The phase one reverse circulation (RC) drilling program is targeting both uranium and lithium mineralisation and is the first drilling at the project in a decade.
The program includes 17 RC exploration drill holes for an approximate 3400 metres with the first eight priority holes in the north-west of the existing Aurora uranium deposit.
The company said the area contained outstanding uranium intersections from the five most northern holes drilled in its 2011 diamond drill exploration program which delivered shallow, thick and high-grade results.
Drilling is expected to complete in December 2022 with assays to be progressively submitted. Results are expected to be available from late December.
Managing Director Greg Cochran said the commencement of drilling is an “important first step” to testing for an possible extension of the uranium resource.
Aurora had received approval from the Federal Bureau of Land Management (BLM) for the remainder of its FY23 planned exploration drilling program.
The full program, including the current first phase, consists of 47 RC holes and 21 diamond drill holes.
In its next steps, the company will now work with the state regulator, the Department of Geology and Mineral Industries (DOGAMI), for their approval of the program.
Shares in Aurora were down 2.56 per cent to close at 19 cents.